EXHIBIT 11
HOST MARRIOTT CORPORATION AND SUBSIDIARIES
COMPUTATIONS OF EARNINGS (LOSS) PER COMMON SHARE
(in millions, except per share amounts)
Twelve Weeks Ended Twenty-four Weeks Ended
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June 17, June 18, June 17, June 18,
1994 1993 1994 1993
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Net income (loss).......................................... $ -- $ 36 $ (18) $ 53
Less: Dividends onconvertible preferred stock............. (4) (8)
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Net income (loss) availablefor common shareholders......... $ -- $ 32 $ (18) $ 45
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Primary Earnings (Loss) Per Common Share
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Shares:
Weighted average number of common shares outstanding...... 152.3 102.5 149.6 102.0
Assuming distribution of common shares issuable for
warrants in 1994 and granted under comprehensive
stock plan, less shares assumed purchased at
average market (2)....................................... -- 7.0 -- 6.9
Assuming distribution of common shares reserved under
employee stock purchase plan, based on withholdings to
date, less shares assumed purchased at average
market (2)............................................... -- -- -- .1
------ ------ ------ ------
152.3 109.5 149.6 109.0
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Primary Earnings (Loss) Per Common Share................... $ -- $ .29 $ (.12) $ .42
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Fully Diluted Earnings (Loss) Per Common Share
- - ----------------------------------------------
Shares:
Weighted average number of common shares utstanding....... 152.3 102.5 149.6 102.0
Assuming distribution of common shares issuable for
warrants in 1994 and granted under comprehensive
stock plan, less shares assumed purchased at
higher of average or ending market (2)................... -- 7.0 -- 7.0
Assuming distribution of common shares reserved under
employee stock purchase plan, based on withholdings
to date, less shares assumed purchased at higher of
average or ending market (2)............................. -- .1 -- .1
Assuming issuance of common shares upon conversion of
convertible subordinated debt (1)........................ -- -- -- --
Assuming issuance of common shares uponconversion of
convertible preferred stock (1).......................... -- -- -- --
------ ------ ------ ------
152.3 109.6 149.6 109.1
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Fully Diluted Earnings (Loss) Per Common Share............. $ -- $ .29 $ (.12) $ .42
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(1) Convertible subordinated debt and convertible preferred stock, issued in
1991, were antidilutive in the twelve and twenty-four week periods ended
June 17, 1994 and June 18, 1993.
(2) Common equivalent shares and other potentially dilutive securities were
anti-dilutive in the twelve and twenty-four week period ended June 17,
1994.